Many economists have concluded that a second dose of government stimulus spending is required to prevent a broad economic unraveling and provide relief to millions of Americans grappling with joblessness, plunging home prices and tight credit.
In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere.
Gramm is co-chair of McCain's campaign, once considered a candidate for Treasury Secretary. His statement that Americans are "whiners" suffering only a "mental recession" was the last thing John McCain needs as he tries to gain the upper hand on the economy.
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with investment banker and former Texas Senator Phil Gramm. Mr. Gramm is a top economic advisor to John McCain.
Yesterday I wrote that the McCain campaign is distancing itself and moving away from cap-and-trade. This is clear from the fact that the senator’s recent speeches do not mention cap-and-trade, and that the 15-page policy pamphlet issued by the campaign also makes no mention of cap-and-trade.
After writing favorably about Sen. McCain’s recent economics speeches, where he clearly shifted toward the supply-side both on tax cuts and producing more energy, I went back last evening and carefully read his 15-page policy pamphlet called “Jobs for America.”
One day does not a full-fledged sector rotation make, but yesterday the big pharma stocks put on a show and in the early going today the curtain hasn't fallen. Pfizer even broke above 18 bucks!
Sen. John McCain gave two economics speeches in the last 48 hours. They were very strong, pro-growth, and pro-energy production. McCain also is finally slamming Obama on taxes and energy.
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Carly Fiorina. Ms. Fiorina is the former chairman & CEO of Hewlett-Packard and a senior economic advisor to John McCain.
As Senator John McCain kicked off a week of economic-themed campaigning here on Monday, it was apparent that some of the underlying tensions between the two schools that guide his economic thinking — the supply-siders who want to cut taxes and the deficit hawks who want to balance the budget — remain unresolved.
What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Jason Furman. Mr. Furman is Barack Obama’s director of economic policy.
President Bush was on message Wednesday in a Rose Garden news conference when he kept up the pressure on his a drill, drill, drill offensive. He said he knows Americans are worried about gasoline prices, and said he wants them “to understand fully that we have got the opportunity to find more crude oil here at home in environmentally friendly ways.”
The votes come from the images, and to a lesser extent the knowledge, candidates get from consultations with foreign leaders and speeches on the international stage. They represent the reward voters confer for stature and experience that reassures them their would-be president can handle international crises and keep them safe.
What follows below is an unofficial transcript of my interview with Sarah Palin on Kudlow & Company last night. Mrs. Palin is is the youngest governor in Alaskan history as well as the first woman to hold the office in the state.
The Republican presidential nominee-in-waiting is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology.
The US move to biofuels has been a remarkably successful experiment in renewable energy promotion despite its inadvertent, and probably exaggerated, effect on higher agricultural prices. But the industry's future lies in next generation, non food-derived biofuels.
The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.
Barack Obama faced a difficult choice for the fall campaign. He could follow through on his commitment to strike a deal with John McCain on remaining within the public financing system for the general election, or he could opt out of the system and cash in on the huge financial advantage he has displayed over John McCain.
Warts and all, John McCain’s flip-flop on offshore drilling is a very welcome development. When circumstances change, political leaders should change their policies. And $4 at the pump and $140 in the open market is certainly enough changing circumstances to warrant McCain’s constructive shift on offshore drilling.
As the American media's leading political analyst, he played a role far beyond the viewership of NBC's "Meet the Press." Grilling candidates respectfully, moderating debates fairly, interpreting election results with the insight of a former political operative...